Startup Europe — The Sifted Podcast cover image

Uncovering the Spotify founder's secretive new startup

Startup Europe — The Sifted Podcast

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British Fold: A Battery Startup That Could Collapse

British Fold is a company that's building a gigafactory, a large scale factory to build batteries in the north east of England. They started work a couple of years ago and they're building a factory which should hopefully if all goes well supply the UK with batteries for electric vehicles. British Vot have said they need 3.8 billion and essentially what it looks like is they just haven't been able to get the money together or there's a gap in the money at the moment. The government had promised them 100 million and that hasn't yet been delivered because they haven't reached certain milestones so I think it's a money problem.

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